Questions and Answers
Who are the stakeholders to whom accounting information is conveyed?
Stakeholders include investors, creditors, management, and regulators.
What are the fields into which accounting can be divided?
Accounting can be divided into several fields including financial accounting, management accounting, tax accounting, and cost accounting.
What is the focus of financial accounting?
Financial accounting focuses on the reporting of an organization's financial information to external users such as investors, regulators, and suppliers.
What is accounting also known as?
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What is the focus of management accounting?
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